Work ‘Til You Drop

Originally published by ANewDomain.net:

A frightening survey of Americans by the Federal Reserve finds desperate poverty among a high percentage of ordinary citizens. Among the highlights: 31% of pre-retirement Americans have zero retirement savings or pensions and are planning to work until they die.

A frightening survey of Americans by the Federal Reserve finds desperate poverty among a high percentage of ordinary citizens. Among the highlights: 31% of pre-retirement Americans have zero retirement savings or pensions, and are planning to work until they die.

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About Ted Rall

Ted Rall is the political cartoonist at ANewDomain.net, editor-in-chief of SkewedNews.net, a graphic novelist and author of many books of art and prose, and an occasional war correspondent. He is the author of the biography "Trump," to be published in July 2016.

7 thoughts on “Work ‘Til You Drop

  1. For the other 69% of workers who still have pensions, the 0.01% are “working hard” everyday to devise methods to steal the $’s in those pensions for themselves

    • Also, a lot of pensions aren’t designed to be one-stop solutions. A lot of people collecting “pensions” are not collecting enough to live on.

      Social Security will provide me — assuming it’s there when I get to it — with a significant amount of my retirement income, but the notion that I will be able to survive on it at 67 or 77 or 87 is simply not realistic.

      Why don’t I have more in my 401(k)? I’m underpaid, haven’t gotten a raise in several years, I have student loans, etc., etc.

      All these articles (Ted’s included) make it sound like people are living wildly irresponsible financial lives. But the truth is that a dollar buys a dollar’s worth of goods and services. When I get through with the essentials, the amount left to my “discretion” is terribly small.

      But don’t say “union” or they’ll fire you, you “at-will” employee.

      • @ alex_the_tired –

        A dollar buys 15.71 Mexican pesos’ worth of goods (at today’s rates). That’s why I moved to Mexico after I retired. Well, actually a dollar was worth 10 pesos when I made the move, so my retirement income goes farther today than it did then.

        I guess I’ll be expatriated to Mexico until I die.

        🙂

  2. I kept working until I was able to take early retirement at age 62.
    Then I moved to Mexico, where my retirement allows me to live relatively comfortably.
    🙂

  3. Not to worry. He’s 52, which means AARP will tell him which marginally-less-evil candidate to endorse. Play the long game, people. The looooooooong game.

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